Chinese companies whose names start with “Shanghai” are riding the recent buying frenzy among stock traders. In October, Shanghai party secretary Han Zheng said the city was drawing up a plan for a free-trade port, a term that was mentioned in ... ( read original story ...)
China stocks higher at close of trade; Shanghai Composite up 0.11%
At the close in Shanghai, the Shanghai Composite added 0.11%, while the SZSE Component index climbed 0.60%. The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 1.65% to 17.33. Gold Futures for ... ( read original story ...)
Tesla eyes Shanghai factory as electric car company looks to expand manufacturing base
Elon Musk’s Tesla electric car company is reported to have struck a deal with Chinese authorities to build a factory in Shanghai, opening up the world’s largest automotive market to the fast-growing business. Tesla is reported to have agreed to set up ... ( read original story ...)
China stocks flat as banks, property slip; Hong Kong eases
Real estate stocks came under sustained selling pressure amid ... party congress that fighting pollution was one of the government’s major tasks. Meanwhile, Shanghai’s listed port operators and trading firms, including Shanghai Material Trading Co ... ( read original story ...)
Tesla to build wholly-owned Shanghai plant: WSJ
Tesla has reached an agreement with Shanghai authorities that would make it the first foreign automaker to build its own plant in China, putting it in the driver's seat in the world's biggest electric-vehicle market, the Wall Street Journal reported. ( read original story ...)
Geoswift Partners With Bank of Shanghai to Launch Payment Remittance Services
This service allows continuous real-time remittance of funds from seven currencies USD, GBP, HKD, CAD, AUD, JPY and EUR to the local currency RMB for recipients in China. The service uses a fixed daily rate to minimize risks arising out of foreign exchange ... ( read original story ...)
Tesla to set-up first fully-owned automotive plant in Shanghai,China
The Silicon Valley electric carmaker's wholly-owned manufacturing facility would be built in Shanghai's free-trade zone, the Wall Street Journal said, quoting unnamed sources with knowledge of the deal, and could allow Tesla to dramatically lower the cost ... ( read original story ...)